Binance has announced 13 altcoins, including Polkadot, Algorand, Sui Network and Edu. 4 announcements from the leading stock market that will affect open positions…
Binance VIP Loan lists these 10 altcoins
Binance VIP Loan, Binance’s institutional-grade loan service, has listed 10 more altcoins. According to the announcement, new cryptos start trading SUI and EDU as well as new collateral assets. The exchange is also adding in ALGO, BAND, EGLD, HBAR, MINA, QNT, RDNT and SUSHI.
Binance VIP Loan is a loan service for institutional investors. Users can use Binance VIP Credit to unlock greater potential for purposes such as greater liquidity, leveraged trading and hedging strategies for long-term mutual funds. SUI, EDU, ALGO, BAND, EGLD, HBAR, MINA, QNT, RDNT and SUSHI are the new members of the platform with the latest announcement.
Binance Flexible Loan adds altcoin for ETH staking rewards
Binance later announced that users can now use BETH as collateral while receiving ETH Staking rewards. Accordingly, ETH Staking rewards are distributed daily in the form of BETH to users’ Spot Wallets. According to the announcement:
As Binance Flexible Loan uses users’ Simple Earn Flexible Product assets as collateral, Binance Simple Earn is adding BETH to its list of supported assets in Simple Earn Flexible Products. Please note that there will be no Real-Time APR rewards for BETH on Simple Earn Flexible Products as users will continue to earn ETH Staking rewards with BETH Flexible Product subscriptions.
The exchange added a few items in the official announcement that users should note:
- See Credit Data for the latest interest rates and a complete list of loanable and collateral assets.
- BETH is a tokenized asset representing ETH staked on a 1:1 basis.
- Terms and conditions apply to Binance Flexible Loan and Simple Earnings.
Graph’s (GRT) Arbitrum One and Polygon integration completed
Binance has completed the integration of The Graph (GRT) into the Arbitrum One and Polygon networks. Deposits and withdrawals for The Graph (GRT) are now open on both networks.
Binance Futures will delist USDⓈ-M DOTBUSD contracts
Binance Futures will perform an automatic swap on the USDⓈ-M DOTBUSD Perpetual Contract. The process will be applied on May 9 at 13:00. The contract is delisted from Binance after the swap is complete.
Also, Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M DOTBUSD Perpetual Contract on May 5 according to the chart below. Existing positions opened before the update will be affected. It is highly recommended to adjust the position and leverage before adjusting to avoid any potential liquidation. External processes will be closed automatically.
Users are not allowed to open new positions for the above-mentioned contract as of May 9th. Finally, cryptocoin.comWe have included a hot legal development from Binance in this article.
